Poland's recent crackdown came quickly; by July, they had dropped out without implementation, and the exchange owner ran off to Israel, making it impossible to catch him. 350 million zloty went down the drain, with Russian capital and political struggles involved behind the scenes. The crypto scene in emerging markets is truly a high-risk game.

Poland incorporates the EU MiCA into its cryptocurrency regulation through national legislation, requiring localization by July, or domestic entities will lose the qualification to provide crypto services. Previously vetoed multiple times by the president, this time the veto power can still be exercised. The background is that the largest exchange Zondacrypto experienced fraud, with losses exceeding 350 million zloty, and the prime minister claimed involvement of Russian capital and rival factions, reigniting external interference disputes. The founder went missing in 2022, and the current holder is reportedly in Israel, making extradition difficult to prosecute.